Chris Budd: How to help clients spend money on financial wellbeing

Clients of financial advisers tend to expect to have conversations about their pensions and investments. Often, after a bit of cashflow forecasting that reveals the client is already on track to financial security, if they have not already achieved it, conversations turn to how they might spend money. So let's take a quick stroll around the subject of how to spend money to be happier. With the caveat that the amount being spent is an affordable amount. Experiences not stuff It's official: retail therapy is a myth. Spending money on buying ‘stuff' gives wellbeing that is short lived...